Sp continues the uptrend for a few days more
Updated
Volume profile confirms we are currently at the most frequent price.
RSI does not seem stretched.
Price is in the lower bound of the channel.
Pump continues at least until q2 earnings report season starts...
Short term bullish until 3400, then down.
RSI does not seem stretched.
Price is in the lower bound of the channel.
Pump continues at least until q2 earnings report season starts...
Short term bullish until 3400, then down.
Comment
Seems market is losing momentum before q2 results. This is likely the beggining of the downtrend / correction.Target 1: 3000
Target 2: 2800 (most likely outcome based on volume profile)
Target 3: 2600 (if volatility spikes)
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